IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.

The announcement reignited fears that generative AI could disrupt traditional enterprise software and consulting revenue streams ...

Indian IT stocks including Infosys and Wipro may face selling pressure after Anthropic said its Claude Code tool can ...

Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude ...

Shares of International Business Machines recorded ​their steepest daily ​drop in more than 25 years ​on Monday, after AI startup Anthropic said its Claude Code tool could be used to modernize a ...

IBM’s stock took a hit after Anthropic, the company behind the AI model Claude, said its new tool can make fixing old COBOL ...

The Hong Kong stock market has moved higher in two of three trading days since ending the two-day slide in which it had fallen almost ...

The MSCI Asia Pacific Index edged down 0.2%, with shares in South Korea — a bellwether for AI investments — falling 0.5%.

Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code tool could be used to modernize a ...

IBM stock dropped 13% on Monday after Anthropic said that its Claude Code tool could be used to automate the modernization of legacy code. IBM mainframes, computers that process a large portion of the ...

Gauges in Japan, which returned after a holiday on Monday, edged lower, along with those in South Korea. Australian shares, ...

AI fears grip Wall Street as IBM logs its worst fall in 25 years after a bearish 2028 disruption scenario sparks selloff in ...